What Will Happen To Estate Tax In 2025. When the tcja went into effect, the estate tax exemption doubled for the tax years between 2018 to 2025. Changes are coming to estate planning laws.

Effective january 1, 2026, the estate tax exemption will be closer to $7 million (adjusted for inflation). For new yorkers, the state estate tax exemption is $7.16 million in 2025.